2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s stock price rose 7.9% on Tuesday . The stock traded as high as $33.78 and last traded at $33.62. Approximately 5,904,650 shares were traded during trading, a decline of 31% from the average daily volume of 8,562,676 shares. The stock had previously closed at $31.16.
2x Bitcoin Strategy ETF Trading Up 7.0%
The business has a 50-day moving average price of $44.29 and a 200-day moving average price of $52.58.
Institutional Investors Weigh In On 2x Bitcoin Strategy ETF
Large investors have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its holdings in 2x Bitcoin Strategy ETF by 16.4% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 296,454 shares of the company’s stock valued at $16,014,000 after purchasing an additional 41,710 shares during the last quarter. DRW Securities LLC bought a new position in shares of 2x Bitcoin Strategy ETF in the first quarter valued at approximately $4,202,000. Jump Financial LLC boosted its holdings in shares of 2x Bitcoin Strategy ETF by 89.1% in the 2nd quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock worth $4,169,000 after acquiring an additional 36,362 shares in the last quarter. Flow Traders U.S. LLC increased its holdings in 2x Bitcoin Strategy ETF by 14.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock valued at $2,019,000 after purchasing an additional 4,735 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in 2x Bitcoin Strategy ETF by 35.1% in the second quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock worth $941,000 after purchasing an additional 4,521 shares in the last quarter.
About 2x Bitcoin Strategy ETF
The 2x Bitcoin Strategy ETF (BITX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures Daily Roll index. The fund aims to provide 2x the daily price movements of an index based on rolling front-month CME bitcoin futures. BITX was launched on Jun 27, 2023 and is managed by Volatility Shares.
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